Revenue
462.55m€6.0× since 2015
36.1% of sector revenue
Walter BBQ Crna Gora1.83m€ → 2.93m€
+60.1%1,822 companies earned 462.55m€ in 2025, 36.1% of Hospitality sector revenue. Revenue has grown 6.0× since 2015.
36.1% of sector revenue
551 with at most one employee
Largest employer: Panevivo (286)
Median company 1.1% · 45% profitable
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
Revenue change vs 2024, companies with at least 1m€ that year
Ranked by total revenue · Showing 1001–1050 of 1,822
* Avg payroll cost per employee per month = wages, wage compensation and other personnel expenses from the income statement (AOP 211: net wages, taxes and contributions on wages including the employer's, and other personnel expenses) / employees / 12. It is not an employee's gross or net salary; reporting errors can move it significantly, and values below 300€ a month are not shown. How we calculate →
Totals include 174 sole proprietors: natural persons whose statements are shown only in aggregate, never by name. The company count excludes them. How we calculate →
The activity title is the code's title in the KD 2010 classification (NACE Rev. 2), which applies to every year shown. The registry now shows titles from the new classification for the same codes, so titles can differ.
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 76,589,621€ | 661 |
| 2016 | 90,691,225€ | 770 |
| 2017 | 110,033,852€ | 886 |
| 2018 | 117,046,919€ | 1,003 |
| 2019 | 139,481,699€ | 1,111 |
| 2020 | 87,527,626€ | 1,217 |
| 2021 | 178,116,236€ | 1,326 |
| 2022 | 278,132,866€ | 1,495 |
| 2023 | 365,111,481€ | 1,723 |
| 2024 | 406,911,791€ | 1,840 |
| 2025 (Preliminary) | 462,546,922€ | 1,822 |
Employees and payroll cost per employee per month*
<0.1% |
| 50,676€ |
| No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. |
| -7,144€ |
| -14.1% |
| 2 |
| 1,254€ |
| 1003 | Agape MG03130614 · Bar | <0.1% | 50,654€ | -1.4% | -9,532€ | -18.8% | 2 | 831€ |
| 1004 | Panorama Tour02391724 · Ulcinj | <0.1% | 50,619€ | -46.1% | 6,454€ | 12.8% | 2 | 674€ |
| 1005 | Zen Company03776832 · Bijelo Polje | <0.1% | 50,606€ | No filing for 2024. | 7,951€ | 15.7% | 5 | — |
| 1006 | Berkds Company03471144 · Budva | <0.1% | 50,216€ | +51.9% | -2,754€ | -5.5% | 2 | 664€ |
| 1007 | VBK Trade03382451 · Podgorica | <0.1% | 49,901€ | -35.7% | -24,533€ | -49.2% | 4 | 735€ |
| 1008 | Pargo - M02737825 · Herceg Novi | <0.1% | 49,872€ | +12.8% | -15,395€ | -30.9% | 3 | 423€ |
| 1009 | Mangiare03279111 · Podgorica | <0.1% | 49,846€ | +39.9% | -31,208€ | -62.6% | 3 | 666€ |
| 1010 | Bodiko Picerija03459071 · Podgorica | <0.1% | 49,829€ | +27.3% | -16,896€ | -33.9% | 3 | 678€ |
| 1011 | Šiljak Company03359131 · Herceg Novi | <0.1% | 49,647€ | +51.6% | -84,175€ | -169.5% | 5 | 719€ |
| 1012 | Eko Dnuv03329275 · Bar | <0.1% | 49,393€ | -19.2% | 8,109€ | 16.4% | 3 | 470€ |
| 1013 | El Profesor03757072 · Podgorica | <0.1% | 49,224€ | No filing for 2024. | -15,555€ | -31.6% | 1 | — |
| 1014 | Daltons Food03472523 · Podgorica | <0.1% | 49,189€ | +68.9% | 238€ | 0.5% | 4 | — |
| 1015 | V&M Vul03129225 · Berane | <0.1% | 48,960€ | +7.8% | 2,281€ | 4.7% | 2 | 1,422€ |
| 1016 | The Bank03395871 | <0.1% | 48,925€ | +51.6% | 10,230€ | 20.9% | 2 | 427€ |
| 1017 | Valvex02804867 · Herceg Novi | <0.1% | 48,699€ | -26.1% | 7,501€ | 15.4% | 2 | 528€ |
| 1018 | NK Golija02255235 · Nikšić | <0.1% | 48,567€ | -9.0% | -1,117€ | -2.3% | 4 | — |
| 1019 | Caffe Kod Danila03734986 · Bijelo Polje | <0.1% | 48,021€ | No filing for 2024. | -18,281€ | -38.1% | 3 | 1,457€ |
| 1020 | Bene Group03565645 · Podgorica | <0.1% | 47,624€ | +2,419.8% | 15,645€ | 32.9% | 2 | — |
| 1021 | Pijavica Company03721817 · Herceg Novi | <0.1% | 47,596€ | No filing for 2024. | 863€ | 1.8% | 3 | 618€ |
| 1022 | Falkon V&S03734196 · Budva | <0.1% | 47,299€ | No filing for 2024. | -83,493€ | -176.5% | 2 | 492€ |
| 1023 | Tornado Company03718425 · Podgorica | <0.1% | 47,035€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -16,379€ | -34.8% | 1 | 1,107€ |
| 1024 | DT-In03283445 · Podgorica | <0.1% | 46,945€ | +11.6% | 1,024€ | 2.2% | 2 | 691€ |
| 1025 | Alexander & Una02951827 · Podgorica | <0.1% | 46,731€ | -58.9% | -20,043€ | -42.9% | 1 | 1,791€ |
| 1026 | Adriaperlen03362965 · Ulcinj | <0.1% | 46,088€ | -54.7% | 6,350€ | 13.8% | 1 | — |
| 1027 | Habibi Boca03766292 · Herceg Novi | <0.1% | 46,068€ | No filing for 2024. | 12,280€ | 26.7% | 1 | 368€ |
| 1028 | Bistri Sopot03501248 · Herceg Novi | <0.1% | 45,953€ | -17.8% | -11,177€ | -24.3% | 2 | 758€ |
| 1029 | Milović03235220 · Tivat | <0.1% | 45,761€ | +4.2% | 16,037€ | 35.0% | 2 | 545€ |
| 1030 | Musić Co02276895 · Herceg Novi | <0.1% | 45,172€ | +13.4% | 253€ | 0.6% | 3 | 678€ |
| 1031 | Positive Invest Mne03639550 · Nikšić | <0.1% | 44,689€ | +66.2% | 8,974€ | 20.1% | 2 | 310€ |
| 1032 | Menaturs-Budva03350843 · Budva | <0.1% | 44,593€ | -32.2% | 4,758€ | 10.7% | 2 | 531€ |
| 1033 | Kod Caci03341178 · Budva | <0.1% | 44,578€ | +13.6% | 6,633€ | 14.9% | 3 | 435€ |
| 1034 | V&G Tim02952661 · Bar | <0.1% | 44,490€ | +13.3% | 3,035€ | 6.8% | 2 | 783€ |
| 1035 | Himalayas03149056 · Budva | <0.1% | 44,144€ | -6.3% | -20,253€ | -45.9% | 4 | — |
| 1036 | Plenum03697878 · Podgorica | <0.1% | 44,018€ | No filing for 2024. | -2,112€ | -4.8% | 3 | — |
| 1037 | Oliva Coffee Centar03700003 · Budva | <0.1% | 43,021€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -11,427€ | -26.6% | 3 | 736€ |
| 1038 | Lanterna02432846 · Bar | <0.1% | 42,849€ | -29.6% | 211€ | 0.5% | 3 | 353€ |
| 1039 | Mandić Ipon 103342140 · Herceg Novi | <0.1% | 42,768€ | +2,976.8% | 1,734€ | 4.1% | 2 | 375€ |
| 1040 | Mandić Ipon02272784 · Herceg Novi | <0.1% | 42,768€ | -6.1% | 1,734€ | 4.1% | 2 | 375€ |
| 1041 | Pomodorino03635180 · Tivat | <0.1% | 42,349€ | -20.5% | -16,051€ | -37.9% | 2 | 725€ |
| 1042 | Con Amore03229017 · Budva | <0.1% | 42,334€ | -31.4% | -31,882€ | -75.3% | 1 | 871€ |
| 1043 | Top Taste03663922 · Bar | <0.1% | 42,331€ | +82.8% | 2,687€ | 6.3% | 2 | 515€ |
| 1044 | Skopski03722732 · Podgorica | <0.1% | 42,308€ | No filing for 2024. | -7,084€ | -16.7% | 2 | 543€ |
| 1045 | Euro Pizza02938332 · Ulcinj | <0.1% | 42,296€ | -10.2% | -21,590€ | -51.0% | 3 | 635€ |
| 1046 | Bevenja Company03545466 · Bar | <0.1% | 41,577€ | +0.5% | -5,667€ | -13.6% | 3 | 631€ |
| 1047 | Mandak02972174 · Podgorica | <0.1% | 41,496€ | -1.3% | 89€ | 0.2% | 2 | 642€ |
| 1048 | M & N Komerc02793458 · Podgorica | <0.1% | 41,460€ | +194.7% | 4,155€ | 10.0% | 2 | 508€ |
| 1049 | Barikton02113660 · Herceg Novi | <0.1% | 41,425€ | +26.8% | -1,416€ | -3.4% | 2 | 675€ |
| 1050 | Elektro Plus02780437 · Kotor | <0.1% | 41,326€ | -32.6% | -5,146€ | -12.5% | 4 | 579€ |